Micromax CFO Badal Bagri leaves, may join Aircel

Bagri is believed to be the frontrunner in the race to become the next finance head at mobile phone operator Aircel, a position that fell vacant after Anup Vikal resigned.Anandita Singh Mankotia | ET Bureau | December 18, 2015, 08:27 IST

Bagri is believed to be the frontrunner in the race to become the next finance head at mobile phone operator Aircel.NEW DELHI: Badal Bagri, chief financial officer at Micromax Informatics, is said to have left the company, the latest high-profile exit from India’s No. 2 smartphone vendor.

Bagri is believed to be the frontrunner in the race to become the next finance head at mobile phone operator Aircel, a position that fell vacant after Anup Vikal resigned to join online marketplace Snapdeal, people familiar with the development said. Micromax and Aircel didn’t respond to emailed queries and Bagri didn’t respond to calls or messages requesting comment.

Bagri’s departure comes about four months after Sanjay Kapoor resigned as chairman of Micromax after a spat with the promoters. Kapoor, who was earlier Bharti Airtel’s chief executive officer for India and South Asia, is currently locked in negotiations with the promoters of Micromax for a ‘fair settlement.’ Bagri, formerly a senior Bharti Airtel executive, and other senior industry professionals were brought in after Kapoor joined Micromax as part of a restructuring plan aimed at helping the promoter-driven company grow into a more professional one as it tried to become a global brand. Former head for IT & mobile businesses of Samsung India, Vineet Taneja, was roped in as CEO of Micromax.